Indofood names underwriters

Fri, 28 Mar 2003, 00:00 WIB | Source: DJ

JAKARTA : Indonesia's largest food company PT Indofood Sukses
Makmur has named four underwriters for its upcoming five-year
bond issue.

The four underwriters are PT ING Baring Securities Indonesia,
PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri
Sekuritas, it said.

The company will issue Rp 1 trillion (US$112 million) in bonds
in the second quarter of the year to refinance existing short-
term debt. The company hasn't decided on the coupon yet.

Falling interest rates in Indonesia are providing local
companies with opportunities to raise funds at more attractive
interest rates. --Dow Jones

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